What is export clearance?
Export means shipping domestic goods out of Korea to foreign countries. You must first of all check to ascertain whether the goods intended for export can be exported or not under the Foreign Trade Act, relevant laws and ordinances, etc. It is also necessary to check to ascertain whether the method of receiving payments is restricted or not under the Foreign Trade Act, relevant laws and ordinances, etc.
All the goods intended for export must undergo the export clearance procedures of the Customs. The export clearance procedures refer to the procedures from declaring the goods intended for export to the Customs, getting the export declaration accepted by the Customs to loading the goods in a means of transportation which comes and goes between Korea and the importing foreign country.
Any person who intends to export goods must file an export declaration with and get it accepted by the head of the customs office having jurisdiction over the location area of the relevant goods before loading them in the means of transportation. At present, an export declaration can be filed swiftly through the Electronic Data Interchange (EDI) system or over the Internet, and items for news reporting such as newspapers or catalogs can be cleared through customs through the more simplified customs clearance method based on the simplified export declaration procedures.
Although inspection of goods for export is generally omitted in principle, where it is necessary to electronically sort, select and inspect goods in accordance with the risk assessment criteria, an inspection may exceptionally be performed on such goods. If any illegal export, any violation of country of origin labeling, or any infringement of an intellectual property right is detected during the inspection, the person exporting such goods will be punished under the relevant laws and regulations such as the Customs Act.
The goods whose export declaration has been accepted must be loaded in a means of transportation which comes and go between Korea and the importing foreign country within 30 days from the date of export declaration acceptance. However, in the event of any unavoidable reasons such as changes in the loading schedule, etc., the loading period may be extended after obtaining approval thereof from the head of the relevant customs office. In addition, caution is required because unless the relevant goods are loaded in the means of transportation within the loading period, the acceptance of the export declaration may be revoked and refund of customs duties may also be impossible.
On the other hand, there are separate procedures prescribed for the loading management of postal items or portable consignments.
In addition, foreign goods shipped into a bonded area in Korea may be returned to the exporting foreign country, and in this case, the return declaration procedures must be undergone for the customs clearance of such goods.